Jim Sanfilippo, president of a Pasadena LED lighting company, faces challenges due to high tariffs from the Trump administration, specifically a 145% tariff on Chinese goods. This tariff affects components essential for his energy-efficient lighting products, which cater to significant clients such as the U.S. Congress. The unpredictability surrounding these tariffs has created a 'chaos' in planning and customer order placements. U.S. Rep. Judy Chu reinforced the broader concern regarding potential economic downturns impacting small businesses across various industries, especially those relying on international trade.
Jim Sanfilippo expressed that the unpredictability caused by tariff changes has created chaos for his business, making it challenging to plan and forcing customers to hesitate on placing orders.
U.S. Rep. Judy Chu commented on the potential economic downturn caused by Trump's new trade policies, highlighting their impact on small businesses and the ripple effects across various sectors.
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